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Tax break promises
THE
OPPOSITION Jamaica Labour Party (JLP) last night re-leased
its election manifesto, which promises to "create a brighter
future for Jamaicans" through a 10-point pledge covering
the economy, education, social services and national security.
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JLP
leader Edward Seaga with a copy of his party's manifesto.
JLP to launch 30 investment projects
WINSTON
SILL/Freelance Photographer,
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Dr.
David Panton, chairman of Generation 2000 (G2K), the group
of young professionals allied to the party, gave a powerpoint
presentation of the manifesto to the scores of persons who
turned out at the Jamaica Pegasus Hotel, New Kingston, for
the event.
In
its economic reform programmes being offered to voters, the
party is promising a tax relief and incentive package to grease
the wheels of the island's stagnant economy. Included in this
package is the abolition of the estate transfer tax on death
and the relief of tax on home mortgages up to the level of
the interest being paid by a homeowner.
The
party says it will also restructure JAMPRO and the National
Investment Bank of Jamaica (NIBJ) to "reduce the level
of red tape and increase their ability to attract international
investment".
To
reverse the growth in unemployment, the JLP says it will launch
more than 30 mega-investment projects in various sectors of
the economy, including tourism, agriculture and the financial
sector. One of these is a dedicated science and technology
estate for projects and companies in biotechnology, alternative
energy and information technology software development.
Another
area of focus in the party's manifesto is the promise of free
education for students up to the secondary level. The proposal
has already ignited much debate and is shaping up to be a
major issue in the election campaign.
The
party is also promising to revise the student loan system
for tertiary students to provide them with longer loan repayment
periods at low interest rates.
Housing
for poor Jamaicans will be dealt with through a low-cost housing
programme, the party has promised. The manifesto also commits
the party to the creation of a major inner-city revitalisation
project which will replace all slum areas with "proper
affordable homes".
Another
promise which the party is hoping will hook voters is that
of a National Health Insurance plan, providing access to free
basic health insurance for the country's poor and needy by
2007.
It
is also promising to reintroduce mobile clinics for the elderly
and the infirm.
With
respect to national security, which has been a major concern
for Jamaicans against the background of a high murder rate,
the JLP says it will intensify penalties for serious crimes
as well as set up a new national intelligence agency to better
gather information on criminal activities.
The
party says it will also appoint an independent Police Services
Commission on a non-political basis to take politics out of
the police force and make merit the basis of promotions.
Several
sources have been identified by the party to fund the various
projects. These include international investments, sale of
non-core state enterprises and the issue of tax-free bonds.
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